Date | Analyst | Company | Last | Target | Call | Valuation |
03/03/22 | OCBC | A-Reit | 2.83 | 3.63 | Buy | |
03/03/22 | OCBC | ART | 1.04 | 1.22 | Buy | |
03/03/22 | OCBC | Capitaland Integrated Commercial Trust | 2.12 | 2.44 | Buy | |
03/03/22 | DBS Vickers | China Aviation Oil | 0.91 | 0.85 | Hold | PER11x FY22 |
03/03/22 | DMG & Partners | China Aviation Oil | 0.91 | 1 | Neutral | |
03/03/22 | DMG & Partners | Comfortdelgro | 1.41 | 1.77 | Buy | |
03/03/22 | CIMB | CSE Global | 0.475 | 0.57 | Add | |
03/03/22 | DBS Vickers | Elite ComReit | 0.645 | 0.8 | Buy | |
03/03/22 | OCBC | Frasers Logistics | 1.44 | 1.66 | Buy | |
03/03/22 | DMG & Partners | Frencken | 1.62 | 2.1 | Buy | PER14x FY22 |
03/03/22 | DMG & Partners | Golden Agri | 0.305 | 0.315 | Neutral | |
03/03/22 | Lim & Tan | Golden Agri | 0.305 | 0 | Accumulate | |
03/03/22 | UOB Kay Hian | Japfa | 0.605 | 0.63 | Hold | Sum of parts |
03/03/22 | OCBC | Mapletree Industrial | 2.58 | 3.3 | Buy | |
03/03/22 | Lim & Tan | Raffles Medical | 1.16 | 1.42 | Accumulate | |
03/03/22 | phillip | Sembcorp Industries | 2.73 | 2.94 | Accumulate | PB1.2x FY22 |
03/03/22 | phillip | Sheng Siong | 1.51 | 1.75 | Buy | PER23x |
03/03/22 | DBS Vickers | UMS | 1.21 | 1.7 | Buy | PER17x FY22 |
03/03/22 | DBS Vickers | Yanlord | 1.2 | 1.43 | Buy | PER4.9x FY22 |
Friday, March 4, 2022
Stock calls for 3 March 2021
Thursday, March 3, 2022
US FED has indicated that it will only do an interest rate hike of a quarter point in March 2022.
Look like the die is cast in stone for now. Should we cheer for that?
Although the US FED has indicated that it will only do a quarter-point hike in March 2022, the FED may indicate its asset sales much earlier to rein in its excessive liquidity and high inflation. Furthermore, a bigger rate hike later (in the 2nd half of 2022) will cause President Biden to lose his mid-term election in November 2022.
Does this quarter-point hike call for a celebration? Not really!
US ISM PMI increased in February 2022.
The prices subindex had decreased slightly to 75.6 (-0.5) which still remained at an elevated high because of imported inflation and rising employment costs. In view of the rising inflation, the producers increased their inventories to 53.6 (+0.4) which boosted imports (55.4, +0.3) and local raw material (Est’d +0.1).
However, the supplier’s deliveries increased to 66.1 (+1.5) because of slower deliveries. The producers also had difficulties finding workers because of a huge job mismatch between job demand and supply. As a result, the producers were expected to increase their workers in the future as shown by the table below.
The producers ramped up their production (58.5, +0.7) to meet increasing orders but they still couldn’t fulfill the overwhelming orders. Thus, the customers’ inventories slumped further to 31.8 (-1.2). Furthermore, the backlog of order increased significantly (65, +8.6) because the producers couldn’t fulfill all the orders.
The new order (61.7, +3.8), new export order (57.1, +3.4) and new local order (Est’d +0.4) increased because customers were front-loading their orders due to rising inflation expectations.
Wednesday, March 2, 2022
China Aviation Oil - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/06/21 | DBS Vickers | China Aviation Oil | 1.08 | 1.2 | Buy | |
01/26/21 | DBS Vickers | China Aviation Oil | 1.19 | 1.38 | Buy | PER11x FY21 |
01/26/21 | DMG & Partners | China Aviation Oil | 1.19 | 1.27 | Buy | |
03/02/21 | CIMB | China Aviation Oil | 1.12 | 1.17 | Hold | PER10x FY22 |
03/02/21 | DMG & Partners | China Aviation Oil | 1.12 | 1.3 | Buy | |
03/02/21 | DBS Vickers | China Aviation Oil | 1.12 | 1.38 | Buy | |
04/30/21 | DMG & Partners | China Aviation Oil | 1.14 | 1.3 | Buy | |
06/28/21 | DMG & Partners | China Aviation Oil | 1.05 | 1.26 | Buy | |
08/02/21 | DBS Vickers | China Aviation Oil | 1.01 | 1.2 | Buy | PER11x FY21/22 |
08/04/21 | DMG & Partners | China Aviation Oil | 1.02 | 1.2 | Buy | |
08/30/21 | DMG & Partners | China Aviation Oil | 0.965 | 1.15 | Buy | |
09/17/21 | DMG & Partners | China Aviation Oil | 0.975 | 1.15 | Buy | |
10/05/21 | DMG & Partners | China Aviation Oil | 0.95 | 1.08 | Buy | |
10/20/21 | UOB Kay Hian | China Aviation Oil | 1.03 | 1.25 | Hold | |
10/27/21 | DBS Vickers | China Aviation Oil | 1.02 | 1.2 | Buy | |
10/27/21 | DMG & Partners | China Aviation Oil | 1.02 | 1.13 | Buy | |
02/03/22 | DMG & Partners | China Aviation Oil | 0.935 | 1.09 | Buy | |
02/28/22 | DBS Vickers | China Aviation Oil | 0.94 | 1.2 | Buy |
